March 10, 2008

Central Banking Works Fine

In this brilliantly back-patting and self-aggrandizing speech by Fed Vice-Chairman Kohn, he admits that there is little that needs to be done to maximize the profitability of central banking. That is most certainly true. The central banking power block has the world exactly where it wants: in control and draining the economies of the world for its’ own corporate profit. Am I being unkind? My apologies. I am calling this the way it is.

“Monetary policy should be able to adjust quickly to such changes; agreements that must be renegotiated can tie policymakers’ hands.” Don’t tie up your hands with obligations or agreements. Be free. It’s all about performance and bringing in that currency and gold to the vaults of International Banking.

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